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Oregon Bancorp (Oregon Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2007)


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What is Oregon Bancorp Long-Term Capital Lease Obligation?

Oregon Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2007 was $0.00 Mil.


Oregon Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oregon Bancorp's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oregon Bancorp Long-Term Capital Lease Obligation Chart

Oregon Bancorp Annual Data
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Long-Term Capital Lease Obligation
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Oregon Bancorp Quarterly Data
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Oregon Bancorp  (OTCPK:ORBN) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Oregon Bancorp Long-Term Capital Lease Obligation Related Terms

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Oregon Bancorp (Oregon Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
101 High Street, North East, P.O. Box 2747, Salem, OR, USA, 97301
Oregon Bancorp Inc is a bank holding company for The Bank of Glen Burnie. It offers retail and commercial banking services such as checking, savings, loans, mobile banking, online banking, wire transfer, ACH services, debit card, automated teller machines, and safe deposit boxes among others. It has two segments Community Banking and Home Mortgage Lending. The bank generates its revenue in the form of interest income. All of the revenues are earned within the United States.

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